Analysis
Is a bachelor's in mathematics from a small Virginia university worth mid-five-figure debt? Based on comparable programs across Virginia, mathematics graduates typically earn around $57,000 in their first year—placing Shenandoah's estimated outcomes right at the state median. That's notably stronger than the national benchmark of $49,000, reflecting Virginia's robust job market for STEM graduates. With estimated debt of $22,000, you're looking at a debt-to-earnings ratio of 0.38, meaning roughly five months of gross salary to cover the total educational investment. This is a manageable starting point.
The uncertainty here cuts both ways. Shenandoah's actual outcomes could differ from peer programs—either stronger or weaker than the $57,000 estimate. What matters is that even if earnings fell to the national median, the debt load remains conservative enough to absorb that risk. Top mathematics programs in Virginia like UVA and William & Mary report first-year earnings in the $60,000-$61,000 range, but those marginal gains may not justify significantly different price tags or admission requirements.
The practical question is whether your child has options at Virginia's public universities, where similar mathematics programs produce comparable earnings, often with lower net costs for in-state students. If Shenandoah offers specific advantages—smaller classes, better financial aid, or a particular location that supports internship opportunities—the estimated debt burden won't derail financial stability. But request actual placement data from the department before committing.
Where Shenandoah University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Virginia
Mathematics bachelors's programs at peer institutions in Virginia (39 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $36,028 | $57,271* | — | $21,750* | — | |
| $14,559 | $61,247* | $60,523 | $24,475* | 0.40 | |
| $20,986 | $60,784* | $99,961 | $19,500* | 0.32 | |
| $25,040 | $60,494* | $91,943 | $20,750* | 0.34 | |
| $13,576 | $58,810* | $74,140 | $20,876* | 0.35 | |
| $15,478 | $55,731* | $61,470 | $23,250* | 0.42 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Shenandoah University, approximately 19% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 8 similar programs in VA. Actual outcomes may vary.